Reports said that delegate representatives from the Climate Chain Coalition (CCC) spoke at the United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland.
It has been reported that the panel of expert representatives, hosted by CCC strategic director Miroslav Polzer, including Denby McDonnell, Tia Kansara, and Cointelegraph editor-in-chief, Kristina Cornèr, among others, spoke unequivocally about the importance of subjects ranging from carbon nonfungible tokens (NFTs) to accountability in corporate practices.
However, the Climate Chain Coalition is a global environmental initiative consisting of 250 member organizations and individuals aligned to utilize blockchain, distributed ledger (DLT), and other promising digital technology solutions to foster the growth of a climate-focused economy.
The report said that program manager at the Blockchain For Climate Foundation Denby McDonnell spoke on the panel about her organization’s endeavor to place the Paris Climate Agreement on the blockchain, specifically mentioning article 6.2, as well as discussing the recent launch of a new crypto-carbon platform, BITMO.
The report stated:
“The BITMO platform enables issuance and exchange of blockchain internationally transferred mitigation outcomes as ERC-115 nonfungible tokens [NFT’s] on the Ethereum blockchain.”
Likewise, amid the rising adoption of carbon-credit certifications by tech firms to accurately verify and report their carbon emission data, thought leaders and experts from the field are calling for greater advocation of carbon-negativity, rather than what some have considered “greenwashing” strategies.
McDonnell revealed the potential implications of the BITMO platform for facilitating transparent and openly accountable carbon data reporting.
"BITMO is a secure record of issuance, transfer and retirement for each country's internationally transferred mitigation outcomes that can be reconciled with national carbon registries and meet future UN requirements."
Moreover, Tia Kansara, the Chief Executive Officer of Replenish Earth, and special advisor to the United Nations Framework Convention on Climate Change (UNFCCC), as well as a newly-appointed member of the coalition, spoke eloquently on the importance of embracing an array of technologies such as DLT to realize a net-positive economic model.
“Our challenge going forward is two-fold. The first is going transboundary. At some point, we need to go beyond our own egotistical perspectives, our own nationalistic borders, to the means through which we can govern for the global commons.”
Thus, Kansara stated:
“The second is a step in consciousness. We cannot transform our lives by thinking and extending linear incremental models of the past, and the way that we do that is by looking at frontier tech.”